PSEi rebounds on bargain hunting, BSP remarks

MANILA, Philippines — Local stocks rebounded on Wednesday as bargain hunting offset the previous session’s losses, while expectations of a less aggressive monetary stance from the Bangko Sentral ng Pilipinas (BSP) boosted sentiment. The benchmark Philippine Stock Exchange Index (PSEi) climbed 0.78 percent, or 49.01 points, to close at 6,353.04. READ: Remolona sees ‘little chance’ of